Rollover vault tests

spot-contracts/.eslintrc.js

@@ -5,7 +5,7 @@ module.exports = {
     mocha: true,
     node: true,
   },
-  plugins: ["@typescript-eslint"],
+  plugins: ["@typescript-eslint", "no-only-tests"],
   extends: ["standard", "plugin:prettier/recommended", "plugin:node/recommended"],
   parser: "@typescript-eslint/parser",
   parserOptions: {
@@ -26,5 +26,6 @@ module.exports = {
         allowModules: ["hardhat", "ethers", "@openzeppelin/upgrades-core"],
       },
     ],
+    "no-only-tests/no-only-tests": "error",
   },
 };

spot-contracts/contracts/BondIssuer.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { OwnableUpgradeable } from "@openzeppelin/contracts-upgradeable/access/OwnableUpgradeable.sol";
 import { EnumerableSetUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/structs/EnumerableSetUpgradeable.sol";

spot-contracts/contracts/PerpetualTranche.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { OwnableUpgradeable } from "@openzeppelin/contracts-upgradeable/access/OwnableUpgradeable.sol";
 import { PausableUpgradeable } from "@openzeppelin/contracts-upgradeable/security/PausableUpgradeable.sol";

spot-contracts/contracts/RouterV1.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { SafeERC20Upgradeable } from "@openzeppelin/contracts-upgradeable/token/ERC20/utils/SafeERC20Upgradeable.sol";
 import { SafeCastUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/SafeCastUpgradeable.sol";

spot-contracts/contracts/_interfaces/IVault.sol

@@ -0,0 +1,96 @@
+// SPDX-License-Identifier: GPL-3.0-or-later
+pragma solidity ^0.8.0;
+
+import { IERC20Upgradeable } from "@openzeppelin/contracts-upgradeable/token/ERC20/IERC20Upgradeable.sol";
+
+/// @notice Expected asset to be a valid vault asset.
+/// @param token Address of the token.
+error UnexpectedAsset(IERC20Upgradeable token);
+
+/// @notice Expected transfer out asset to not be a vault asset.
+/// @param token Address of the token transferred.
+error UnauthorizedTransferOut(IERC20Upgradeable token);
+
+/// @notice Expected vault assets to be deployed.
+error NoDeployment();
+
+/*
+ *  @title IVault
+ *
+ *  @notice The standard interface for a generic vault as described by the "Vault Framework".
+ *          http://thinking.farm/essays/2022-10-05-mechanical-finance/
+ *
+ *          Users deposit a "underlying" asset and mint "notes" (or vault shares).
+ *          The vault "deploys" underlying asset in a rules-based fashion (through a hard-coded strategy)
+ *          to "earn" income. It "recovers" deployed assets once the investment matures.
+ *
+ *          The vault operates through two external poke functions which off-chain keepers can execute.
+ *              1) `deploy`: When executed, the vault "puts to work" the underlying assets it holds. The vault
+ *                           usually returns other ERC-20 tokens which act as receipts of the deployment.
+ *              2) `recover`: When executed, the vault turns in the receipts and retrieves the underlying asset and
+ *                            usually collects some yield for this work.
+ *
+ *          The rules of the deployment and recovery are specific to the vault strategy.
+ *
+ *          At any time the vault will hold multiple ERC20 tokens, together referred to as the vault's "assets".
+ *          They can be a combination of the underlying asset, the earned asset and the deployed assets (receipts).
+ *
+ *          On redemption users burn their "notes" to receive a proportional slice of all the vault's assets.
+ *
+ */
+
+interface IVault {
+    /// @notice Recovers deployed funds and redeploys them.
+    function recoverAndRedeploy() external;
+
+    /// @notice Deploys deposited funds.
+    function deploy() external;
+
+    /// @notice Recovers deployed funds.
+    function recover() external;
+
+    /// @notice Deposits the underlying asset from {msg.sender} into the vault and mints notes.
+    /// @param amount The amount tokens to be deposited into the vault.
+    /// @return The amount of notes.
+    function deposit(uint256 amount) external returns (uint256);
+
+    struct TokenAmount {
+        /// @notice The asset token redeemed.
+        IERC20Upgradeable token;
+        /// @notice The amount redeemed.
+        uint256 amount;
+    }
+
+    /// @notice Burns notes and sends a proportional share of vault's assets back to {msg.sender}.
+    /// @param notes The amount of notes to be burnt.
+    /// @return The list of asset tokens and amounts redeemed.
+    function redeem(uint256 notes) external returns (TokenAmount[] memory);
+
+    /// @return The total value of assets currently held by the vault, denominated in a standard unit of account.
+    function getTVL() external returns (uint256);
+
+    /// @notice The ERC20 token that can be deposited into this vault.
+    function underlying() external view returns (IERC20Upgradeable);
+
+    /// @param token The address of the asset ERC-20 token held by the vault.
+    /// @return The vault's asset token balance.
+    function vaultAssetBalance(IERC20Upgradeable token) external view returns (uint256);
+
+    /// @return Total count of deployed asset tokens held by the vault.
+    function deployedCount() external view returns (uint256);
+
+    /// @param i The index of a token.
+    /// @return The token address from the deployed asset token list by index.
+    function deployedAt(uint256 i) external view returns (IERC20Upgradeable);
+
+    /// @return Total count of earned income tokens held by the vault.
+    function earnedCount() external pure returns (uint256);
+
+    /// @param i The index of a token.
+    /// @return The token address from the earned income token list by index.
+    function earnedAt(uint256 i) external view returns (IERC20Upgradeable);
+
+    /// @param token The address of a token to check.
+    /// @return If the given token is held by the vault.
+    function isVaultAsset(IERC20Upgradeable token) external view returns (bool);
+}

spot-contracts/contracts/_utils/BondHelpers.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { SafeCastUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/SafeCastUpgradeable.sol";
 import { MathUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/MathUpgradeable.sol";

spot-contracts/contracts/_utils/SignedMathHelpers.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 /**
  *  @title SignedMathHelpers

spot-contracts/contracts/strategies/BasicFeeStrategy.sol

@@ -1,9 +1,10 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { OwnableUpgradeable } from "@openzeppelin/contracts-upgradeable/access/OwnableUpgradeable.sol";
 import { SafeCastUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/SafeCastUpgradeable.sol";
 import { SignedMathUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/SignedMathUpgradeable.sol";
+import { MathUpgradeable } from "@openzeppelin/contracts-upgradeable/utils/math/MathUpgradeable.sol";
 import { SignedMathHelpers } from "../_utils/SignedMathHelpers.sol";
 
 import { IERC20Upgradeable } from "@openzeppelin/contracts-upgradeable/token/ERC20/IERC20Upgradeable.sol";
@@ -26,8 +27,8 @@ error UnacceptablePercValue(int256 perc);
 contract BasicFeeStrategy is IFeeStrategy, OwnableUpgradeable {
     using SignedMathUpgradeable for int256;
     using SignedMathHelpers for int256;
-    using SafeCastUpgradeable for uint256;
     using SafeCastUpgradeable for int256;
+    using SafeCastUpgradeable for uint256;
 
     /// @dev {10 ** PERC_DECIMALS} is considered 1%
     uint8 public constant PERC_DECIMALS = 6;
@@ -38,6 +39,10 @@ contract BasicFeeStrategy is IFeeStrategy, OwnableUpgradeable {
     /// @custom:oz-upgrades-unsafe-allow state-variable-immutable
     IERC20Upgradeable public immutable override feeToken;
 
+    /// @notice The address of the fee reserve.
+    /// @custom:oz-upgrades-unsafe-allow state-variable-immutable
+    address public immutable feeReserve;
+
     /// @notice Fixed percentage of the mint amount to be used as fee.
     int256 public mintFeePerc;
 
@@ -47,6 +52,11 @@ contract BasicFeeStrategy is IFeeStrategy, OwnableUpgradeable {
     /// @notice Fixed percentage of the rollover amount to be used as fee.
     int256 public rolloverFeePerc;
 
+    /// @notice Allows debasement of perp supply when the fee reserve is empty.
+    /// @dev When the fee amount is negative, ie) paid from the reserve to the user
+    ///      this flag stops paying out more than the reserve balance through perp supply inflation.
+    bool public allowDebase;
+
     // EVENTS
 
     /// @notice Event emitted when the mint fee percentage is updated.
@@ -61,10 +71,16 @@ contract BasicFeeStrategy is IFeeStrategy, OwnableUpgradeable {
     /// @param rolloverFeePerc Rollover fee percentage.
     event UpdatedRolloverPerc(int256 rolloverFeePerc);
 
+    /// @notice Event emitted when the debasement rule is updated.
+    /// @param allow If debasement is allowed or not.
+    event UpdatedDebasementRule(bool allow);
+
     /// @notice Contract constructor.
     /// @param feeToken_ Address of the fee ERC-20 token contract.
-    constructor(IERC20Upgradeable feeToken_) {
+    /// @param feeReserve_ Address of the fee reserve.
+    constructor(IERC20Upgradeable feeToken_, address feeReserve_) {
         feeToken = feeToken_;
+        feeReserve = feeReserve_;
     }
 
     /// @notice Contract initializer.
@@ -103,21 +119,41 @@ contract BasicFeeStrategy is IFeeStrategy, OwnableUpgradeable {
         emit UpdatedRolloverPerc(rolloverFeePerc_);
     }
 
+    /// @notice Update debasement rule.
+    /// @param allow If debasement is allowed or not.
+    function allowDebasement(bool allow) public onlyOwner {
+        allowDebase = allow;
+        emit UpdatedDebasementRule(allow);
+    }
+
     /// @inheritdoc IFeeStrategy
     function computeMintFees(uint256 mintAmt) external view override returns (int256, uint256) {
-        uint256 absoluteFee = (mintFeePerc.abs() * mintAmt) / HUNDRED_PERC;
-        return (mintFeePerc.sign() * absoluteFee.toInt256(), 0);
+        return (_computeFeeAmt(mintAmt, mintFeePerc), 0);
     }
 
     /// @inheritdoc IFeeStrategy
     function computeBurnFees(uint256 burnAmt) external view override returns (int256, uint256) {
-        uint256 absoluteFee = (burnFeePerc.abs() * burnAmt) / HUNDRED_PERC;
-        return (burnFeePerc.sign() * absoluteFee.toInt256(), 0);
+        return (_computeFeeAmt(burnAmt, burnFeePerc), 0);
     }
 
     /// @inheritdoc IFeeStrategy
     function computeRolloverFees(uint256 rolloverAmt) external view override returns (int256, uint256) {
-        uint256 absoluteFee = (rolloverFeePerc.abs() * rolloverAmt) / HUNDRED_PERC;
-        return (rolloverFeePerc.sign() * absoluteFee.toInt256(), 0);
+        return (_computeFeeAmt(rolloverAmt, rolloverFeePerc), 0);
+    }
+
+    /// @dev Given the token amount and fee percentage, computes the integer amount to be charged as fees.
+    function _computeFeeAmt(uint256 amount, int256 feePerc) private view returns (int256) {
+        uint256 absoluteFee = (feePerc.abs() * amount) / HUNDRED_PERC;
+        int256 feeAmt = feePerc.sign() * absoluteFee.toInt256();
+
+        // when fee is to be paid by the user or when debasement is allowed
+        // use the entire fee amount
+        if (feeAmt >= 0 || allowDebase) {
+            return feeAmt;
+        }
+
+        // fee is to be paid to the user and debasement is not allowed
+        // pay out only till the reserve is depleted
+        return -1 * MathUpgradeable.min(feeToken.balanceOf(feeReserve), absoluteFee).toInt256();
     }
 }

spot-contracts/contracts/strategies/CDRPricingStrategy.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { TrancheHelpers } from "../_utils/BondHelpers.sol";
 

spot-contracts/contracts/strategies/TrancheClassDiscountStrategy.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { OwnableUpgradeable } from "@openzeppelin/contracts-upgradeable/access/OwnableUpgradeable.sol";
 import { TrancheData, TrancheDataHelpers, BondHelpers } from "../_utils/BondHelpers.sol";

spot-contracts/contracts/strategies/UnitPricingStrategy.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { IERC20Upgradeable } from "@openzeppelin/contracts-upgradeable/token/ERC20/IERC20Upgradeable.sol";
 import { ITranche } from "../_interfaces/buttonwood/ITranche.sol";

spot-contracts/contracts/test/BondHelpersTester.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { BondHelpers, TrancheData, TrancheDataHelpers } from "../_utils/BondHelpers.sol";
 import { IBondController } from "../_interfaces/buttonwood/IBondController.sol";

spot-contracts/contracts/test/MathTester.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { SignedMathHelpers } from "../_utils/SignedMathHelpers.sol";
 

spot-contracts/contracts/test/mocks/MockERC20.sol

@@ -1,5 +1,5 @@
 // SPDX-License-Identifier: BUSL-1.1
-pragma solidity ^0.8.18;
+pragma solidity ^0.8.19;
 
 import { ERC20Upgradeable } from "@openzeppelin/contracts-upgradeable/token/ERC20/ERC20Upgradeable.sol";